Are We in for a September to Remember?

9/3/2013 10:50AM

Traders returned from the Labor Day weekend upbeat as the Dow climbed more than 100 points shortly after the opening bell. Steven Russolillo explains if we should expect more exuberance in the fourth quarter.

This transcript has been automatically generated and may not be 100% accurate.

... U S stocks hit their first crack at September ten am really we believe the Monday were all ... seated Dell eighty two point loss of more than a hundred in ... the beginning there still strong gains for stocks to start off September to Nasdaq the Essen P all a little under one percent now ... blocked ... straw hundred data this morning a construction crane ... ISN numbers all came in a little bit better what does that mean of course in the market all they care about is that that all gets plugged into the Fed calculator ... which is the big event for September and the September at a lot of big events it ... will it be a September to remember my more The compatriot steamers alone I will dress games like eleven ... and things emphasize the company ... I may yet look so be it they do this more yes more good news market is really catching up to yesterday the rest of the world markets were better it's a better overseas data ... on all that it is looking a little better ... this is scary month this Compass scary Monday as the basis of September historically is the weakest month of the year for the Dow average is about twenty nine percent decline ... the bigger every other month averages are anywhere between half a percent to one percent gain so in the months or years down that is more than ... the present is that you know what happened is overall added the overall outlook for the month words down is actually down more than exactly yes yes exactly so it's partly just a tough month in a big part is he a lot of people coming back after the summer vacation and ... they'd look it you know how the year is God and sort of what lies ahead and they go ... it is something that they don't really like and so the seal of the selling of Summers left the store if they have been shakeout ... now you mention this summer to remember is what we wrote about this morning ... this go to the Omaha going on this month and the view that everything from the Fed's meeting in the middle of the month and I begin to taper the knocking it safer ... to Friday's jobs report this is going to be a key number that people are looking at ... that baby could lakes way that the Fed one way or the other ... I you mention the recent data that we had that actually has been a little bit better than expected ... including today's number so it's maybe were leaning one way but the fighting stops Work could feel really suay one of the other ... ideas this concerns about Syria in the concerns about the debt ceiling and it is so much going on right now ... and I know people love a lot because of the houses and retirement this Friday the MoneyBeat podcast lady week I can think that the illegal without that you usually know when the market knows these things are coming and they know that we've heard about it on everybody else's been writing about it when they know these things are coming ... they have time to prepare for it ... and the E U has been seeking is going to be this when they don't know yet so things are coming that things turn out to be just all that's a great force ... I love ... you know the whole way that the simple wall of worry that people talk to Iran and as you prepare for this wall of worry of them longer the time that you have the perfect pair for a ... lot of contrarians out there would say something everyone so freaked out about all this ... on to keep buying into saying that today the market is up so they basically there's all these concerns none of these of gone away ... but the market is still afraid to hit the ... ice in manufacturing report this morning ... the cheapest flight management ... he came in this is the August meeting or a penny came in a little higher than July Randall that better than expectations ... but that all fees into what it's going to call isn't what the Fed is going to their exactly I mean we seen these makes numbers I mean if you wanna look at the durable goods in the housing data recently data looks of it if you wanna look at the jobless claims on to GDP ... biblical the battle gets his numbers look a little better so which one D are you going away more heavily ... when that if you're the Fed when you can make this decision and and really the Fed is focused on easy on jobs and inflation inflation is still really Rolta with low ... jobs are ... dolphins are looking ok will see what happens with the Fed is reporter ... I it's the it's the thing a re watch